Over 38,000 Solana Purchased With Stolen Crypto

A hacker linked to the Coinbase breach has made one other transfer, this time shopping for over 38,000 Solana tokens value practically $8 million.

Blockchain monitoring agency Ember CN reported that the hacker transformed 7.957 million DAI to USDC earlier than bridging the funds to Solana and buying the tokens at a median value of $208.

Blueprint Of Daring Strikes

This isn’t the primary main transaction tied to the hacker. Again in Could, they offloaded 26,347 Ethereum for 68 million DAI at $2,588 per token.

Two months later in July, they shifted gears and acquired again 5,513 ETH for 14.865 million DAI, paying a median of $2,696 every.

These calculated trades counsel the person or group behind the breach is taking a measured strategy somewhat than making random selections.

[从 Coinbase 用户处窃取资金的黑客] 在过去 1 小时里，把 795.7 万 DAI 换成 USDC 后跨链到 Solana，然后买成了 38,126 枚 SOL，购买价格 $208.7。https://t.co/TRVVPiWIGS

这个黑客：1⃣5 月，出售 26,347 枚 ETH 换成 6818 万 DAI，出售均价 $2,588。2⃣7 月，1486.5 万 DAI 重新购买 5,513 枚… https://t.co/4HBWNBF738 pic.twitter.com/GIPGqwUJYu

— 余烬 (@EmberCN) August 24, 2025

Market circumstances might have influenced this newest choice. Solana has gained greater than 17% over the previous 30 days, regardless that it stays down about 25% from its all-time excessive of $295 in January. Analysts consider the token might see extra upside if present momentum holds.

Technical Outlook Indicators Room For Positive factors

Dealer Ucan has recognized a rising channel in Solana’s value construction following a rounded backside formation.

Key resistance ranges embrace $215 for the primary barrier, $227 for a breakout sign, and $242 as an higher goal.

The channel’s prime sits close to $251. One other market voice, dealer Ali, urged holding Solana till it approaches $360, a degree some count on if bullish sentiment stays robust.

The hacker’s buy value of $208 aligns with these optimistic calls. Whether or not the market rewards that wager stays to be seen, however the transfer locations the hacker amongst traders banking on Solana’s rally persevering with.

Fallout From The Coinbase Breach

The preliminary breach, which passed off in Could, impacted about 70,000 Coinbase customers. The studies indicated that the hackers paid overseas customer-support contractors a bribe to realize entry to delicate person info between December 2024 and Could 2025.

Delicate person info uncovered consisted of full names, start dates, addresses, telephone numbers, masked checking account knowledge, and scans of presidency identification.

Coinbase made the hack public after being offered with a $20 million ransom fee, which Coinbase declined to make.

CEO Brian Armstrong later confirmed the change would reimburse affected clients and introduced a $20 million bounty for info resulting in an arrest.

The corporate estimates remediation prices might attain $400 million as it really works to tighten safety and restore person confidence.

For now, consideration stays on the hacker’s newest wager. Whether or not the Solana buy proves worthwhile—or marks the start of extra high-profile trades—will depend upon what occurs within the coming weeks because the market reacts to shifting sentiment.

Featured picture from Pixabay, chart from TradingView

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